-taking. This paper assesses the consequences of bail-in expectations along these dimensions ensuring - through a bond pricing study … - that bail-in expectations are not confounded by other factors. Using hand-collected details of EU bail-in events, I study … both positive and negative exogenous shocks to bail-in expectations, offering three sets of findings. First, bail-in events …

curve specification assumes inflation expectations are anchored at the central bank’s target, although some experimentation … suggests that alternative proxies for expectations sometimes work better and there is some evidence that persistent under …-shooting of inflation has led to some de-anchoring of expectations from the target, especially in the euro area. For most OECD …

change is that inflation expectations have become better anchored as a consequence of credible inflation targeting by central … process of past inflation representing both inertia and inflation expectations formed on the basis of recent inflation … outcomes. Conversely, the new approach adjusts this specification to incorporate the notion that inflation expectations are …